KARACHI: The petrol price has witnessed a hike of Rs 1.71 per litre, announced Finance Minister Ishaq Dar on Tuesday.
Moreover, the price of diesel has been increased by Rs 1.52. Petrol now costs Rs 73 per litre, while diesel costs Rs 82 per litre, he added.
He said that there has been no change in the prices of kerosene oil and light diesel oil, but the value of kerosene oil has been rounded off. The price of kerosene oil and light diesel is now Rs 44 per litre each.
The announcement comes a day after Oil and Gas regulatory authority (OGRA) submitted a proposal to the Ministry of Petroleum and Natural Resources asking for an increase in the prices of petroleum products.
OGRA had proposed a revision of Rs 17.55 and Rs 10.94 in the prices of kerosene oil and light diesel oil, respectively. It also requested for an additional increase of Rs 2.96 per litre and Rs 2.18 per litre increases in the price of petrol and high-speed diesel, respectively.
